View more on these topics

Financial education for all

Last week was Adult Learner’s Week, a celebration of lifelong learning and continued education. But why should education stop after school?

This is the first academic year that financial education has been on the curriculum in schools. According to the Personal Finance Education Group (Pfeg), some teachers have even said that 11 years old is too late to start learning about money, and that children should learn money skills in primary school. Pfeg campaigned for financial education to become compulsory in schools, but there are many adult employees working in your business right now who will have missed out on this education.

Some of the topics included in the new education include wages, financial risk, and interest rates – do you think your employees understand their payslip and tax, and how interest rates work? Jelf Employee Benefits believe that employees could benefit from receiving some support from their employer in managing their personal finances. Financial education can help individuals with their personal circumstances by helping them to take control of their finances, removing the worry and stress. If you provide the help and support to your employees to do this, you can decrease their overall stress levels, resulting in increased productivity.

What’s more, providing education on the benefits you promote means your employees will really understand and make the most of them. So your investment in them is justified. Providing retirement education to all staff, not just those approaching retirement will help them be better prepared for it, understand their pension scheme, and actively engage with it.

If you want to find out more, speak to a Jelf Employee Benefits expert or have a look on our website.



60 Seconds With… Phil Coombes, key relationship manager, Skipton Intermediaries

Skipton has just raised its maximum LTV on new-build flats to 90 per cent. How big an area will this be for you and can we expect any further changes? The move reflects our belief that the market is being overly cautious in relation to new-build properties, which are being built to a high standard […]

Mark Graves Pink 2015

Pink director Mark Graves hands in his resignation

Pink director Mark Graves has resigned after three and a half years running the network.   Graves was asked to run Pink in January 2012 after parent company LSL Property Services bought the network from Skipton Building Society. Prior to this he was financial services development director at LSL. Graves, who is also managing director […]


Analysis: Stability lies with early referendum

Few things can bring the housing market to a grinding halt like uncertainty. Through decades of booms, busts, regulation and new administrations, one thing is clear: if people are unsure about the future, the market suffers. This is why we saw a lull in property sales in the run-up to the election. I do not […]


FOS demands faster response times from firms

The Financial Ombudsman Service will expect firms to provide it with information “straight away” rather than the standard 14 day timescale, as it seeks to resolve complaints more quickly. In its latest newsletter, published today, the FOS says it is developing new ways of working which allow it to resolve complaints in around three weeks. […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


News and expert analysis straight to your inbox

Sign up